Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h +0.007%

Price spread now: edgeX against gTrade (Gains Network)+0.492%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.492% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.492% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.428	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	55m 26s	$5K	—	150x
Short	edgeX CLUSDC	92.883	−0.0056	pay 0.0028% / 4h	1h 55m	$529K	$301K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.492%Rate

Funding earned: −$11.84
Price spread: +0.492% → 0.000%: $49.24
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $20.4
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 8 min ago	10.13 bp	14.6 bp −$15	14.9 bp −$149	21.5 bp −$2,152	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.860	+0.467%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0242%	4h	92.850	+0.457%	$23.9M	$71.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.871	+0.479%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.863	+0.470%	$244.7M	$962.0M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.860	+0.467%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0101%	1h	92.905	+0.516%	$962K	$669K	10x	as long as short
Gate CL_USDT	−0.0095%	8h	92.810	+0.413%	$20.9M	$52.1M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0078%	1h	92.800	+0.402%	$3.5M	$5.6M	20x	as long as short
edgeX CLUSDCshort	−0.0056%	4h	92.883	+0.492%	$529K	$301K	30x
tradeXYZ xyz:CL	−0.0052%	1h	92.875	+0.484%	$184.8M	$219.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	+0.348%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.830	+0.435%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0013%	1h	92.896	+0.506%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0003%	4h	92.860	+0.467%	$42.8M	$102.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.520%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.889	+0.499%	$26.9M	$81.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.826	+0.431%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.543%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.859	+0.466%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.428	long leg	$5K	—	150x
Lighter WTI	+0.0032%	1h	92.848	+0.454%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.880	+0.489%	$2.1M	$23.5M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.839	+0.445%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.074%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.890	+0.500%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.846	+0.452%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.885	+0.494%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.957	+0.572%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0082%	4h	92.866	+0.474%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.859	+0.467%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.870	+0.478%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.856	+0.463%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.909	+0.520%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.855	+0.462%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+10.515%	$19K	$11K	30x	as long as short